This property looks like a bad Mid-Term investment with a projected -7.14% first-year return on $136k initial cash invested.
-7.14%
Cash On Cash
5.27%
Cap Rate
0.81
DSCR
$5,412
Rent
-$809
Cashflow
Cash Flow
$5,412 income − $6,221 expenses = $809 out of pocket
Investment Breakdown
|
Purchase Price
$562k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$136k
Downpayment
20%
$112k
Closing costs
1%
$5,619
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,412
Total Expenses
$6,221
Mortgage P&I
57%
$3,063
Property Taxes
16%
$867
Home Insurance
4%
$201
HOA
5%
$252
Property Management
12%
$649
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$595